'London Whale,' associates out at J.P. Morgan: WSJ

LONDON (MarketWatch) -- Three J.P. Morgan Chase & Co.
JPM, -0.45%
employees at the center of the bank's multibillion-dollar trading-loss episode have left the firm, people familiar with the matter have said, according to a Wall Street Journal report Friday. The employees, Achilles Macris, Javier Martin-Artajo and Bruno Iksil, the latter known as the London Whale, all worked at the Chief Investment Office, where their bets on certain corporate credit indexes likely cost the bank about $5 billion in the second quarter, the Journal reported. The figure is expected to be disclosed when the bank reports earnings later Friday, according to the newspaper. The departure of the three J.P. Morgan employees follows the resignation in May of Ina Drew, who headed the London-based CIO for seven years. The Journal reported earlier this week that the bank was expected to claw back compensation from all four former employees. A spokesperson for the bank was not immediately available for comment.

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